7. Eng Press Release Elnusa Optimist Margin Net Profit Grows 15% in 2015
PRESS RELEASE
ELNUSA Optimist Margin Net Profit Grows 15% in 2015
Jakarta, 1st December 2015 - PT Elnusa Tbk (code IDX: ELSA), one of the leading national providers of oil &
gas and energy services, believes that net income and profitability of the Company at the end of 2015 will
be better compared to the achievement derived from operations in the prior year.
"The condition of the global oil industry has not shown changes plus the volatile economic situation
certainly makes the performance of oil and gas companies depressed. However ELNUSA remained
confident that projections by the end of 2015, ELNUSA would posted net profit of not less than Rp325
billion and net profit margin grows 15% compared to the net profit margin from business operations of
ELNUSA ", said Budi Rahardjo, Finance Director of PT ELNUSA Tbk. Indeed, last year, in addition to net
income from business operations, ELNUSA also recorded gain on sale of assets.
The good performance of the Company is also reflected in the projected attainment of profit and
profitability that will still remain intact, where at the end of December 2015 operating income margin and
EBITDA margin are also expected to be able to grow from the previous year.
The projection is optimistic be achieved with some assumption that all seismic projects start to work at the
end of this year. As reported previously, ELNUSA this year won seismic projects worth USD86 million for
period of up to two-year project with the historical profit margin is quite promising. Besides, the
contribution of the other core business of drilling and oilfield services that still remain promising and
needed in the oil and gas industry in the country.
Budi added, "ELNUSA as the largest oil and gas services company in Indonesia is believed to have
competitiveness which remains superior to its competitors so that in the middle of the dynamics of this
industry as we are still able to provide added values to all stakeholders". ***
Elnusa at Glance
Elnusa is an integrated energy services company, with core competencies in the upstream oil and gas such as
seismic services (geoscience services: land, transition & marine zone and as well as data processing) and drilling &
oilfield services. Currently Elnusa is serving both national and international oil company among others Pertamina
Group, Total E & P Indonesie, Chevron, and Vico Indonesia. ELNUSA has six subsidiaries that engaged in the
business of upstream oil & gas support services and downstream oil & gas services.
For further information:
Sri Purwanto
Head of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | E-mail: sri.purwanto@elnusa.co.id www.elnusa.co.id
ELNUSA Optimist Margin Net Profit Grows 15% in 2015
Jakarta, 1st December 2015 - PT Elnusa Tbk (code IDX: ELSA), one of the leading national providers of oil &
gas and energy services, believes that net income and profitability of the Company at the end of 2015 will
be better compared to the achievement derived from operations in the prior year.
"The condition of the global oil industry has not shown changes plus the volatile economic situation
certainly makes the performance of oil and gas companies depressed. However ELNUSA remained
confident that projections by the end of 2015, ELNUSA would posted net profit of not less than Rp325
billion and net profit margin grows 15% compared to the net profit margin from business operations of
ELNUSA ", said Budi Rahardjo, Finance Director of PT ELNUSA Tbk. Indeed, last year, in addition to net
income from business operations, ELNUSA also recorded gain on sale of assets.
The good performance of the Company is also reflected in the projected attainment of profit and
profitability that will still remain intact, where at the end of December 2015 operating income margin and
EBITDA margin are also expected to be able to grow from the previous year.
The projection is optimistic be achieved with some assumption that all seismic projects start to work at the
end of this year. As reported previously, ELNUSA this year won seismic projects worth USD86 million for
period of up to two-year project with the historical profit margin is quite promising. Besides, the
contribution of the other core business of drilling and oilfield services that still remain promising and
needed in the oil and gas industry in the country.
Budi added, "ELNUSA as the largest oil and gas services company in Indonesia is believed to have
competitiveness which remains superior to its competitors so that in the middle of the dynamics of this
industry as we are still able to provide added values to all stakeholders". ***
Elnusa at Glance
Elnusa is an integrated energy services company, with core competencies in the upstream oil and gas such as
seismic services (geoscience services: land, transition & marine zone and as well as data processing) and drilling &
oilfield services. Currently Elnusa is serving both national and international oil company among others Pertamina
Group, Total E & P Indonesie, Chevron, and Vico Indonesia. ELNUSA has six subsidiaries that engaged in the
business of upstream oil & gas support services and downstream oil & gas services.
For further information:
Sri Purwanto
Head of Corporate Communications
Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Jakarta 12560
Tel: (021) 7883 0850 | Fax: (021) 7883 0907 | E-mail: sri.purwanto@elnusa.co.id www.elnusa.co.id